Nigeria

Nigeria business news covering Lagos, Abuja, and Port Harcourt. Oil and gas, fintech, banking, telecoms, and investment intelligence from West Africa’s largest economy.

BusinessFinance

Nigeria Secures $126M European Fibre Investment

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Africaspoint Editorial

Nigeria has received $126 million in European funding commitments to support its ambitious national fibre optic expansion project known as…

BusinessInvest

Dangote to build Africa’s largest detergent raw material plant as refinery hits full capacity

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Africaspoint Editorial

Aliko Dangote has announced a 400,000-tonne linear alkylbenzene plant within the Dangote Refinery complex in Lagos, a facility that would…

African man using mobile banking app to send money internationally
AfricaDiaspora

UBA launches diaspora investment platform to turn Africa’s $100 billion in annual remittances into long-term wealth

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Africaspoint Editorial

UBA has launched a diaspora banking platform in Lagos designed to channel Africa's $100 billion annual remittance flows into structured…

Film camera at a cinema film festival with lights and red carpet
AfricaCulture

Nigerian-British film makes history as Nigeria’s first Cannes selection and the UK’s official Oscar submission for 2026

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Africaspoint Editorial

A Nigerian-British film, My Father's Shadow, has made history as Nigeria's first Cannes Film Festival selection, won a Caméra d'Or…

Africa fintech unicorn public listing 2026Africa startup funding Q1 2026

Airtel Africa profit triples to $813m as data beats voice

Airtel Africa reported FY2026 profit after tax of $813 million, up 147%, on revenue of…

Africa fintech unicorn public listing 2026Africa telecom infrastructure consolidation

Safaricom FY2026: record KSh80bn dividend, profit up 67%

Safaricom posted group net income of KSh99.7 billion for FY2026, up 67%, and declared a…

Enoch Godongwana Treasury fiscal policySouth Africa energy transition load shedding end

South Africa unemployment hits 32.7% as 345,000 jobs lost

South Africa's unemployment rate rose to 32.7% in Q1 2026 from 31.4% in Q4 2025…

Dangote Mombasa refinery Kenya East Africa 2026Dangote Refinery IPO 2026

Dangote picks Mombasa for $17bn East Africa refinery

Aliko Dangote told the Financial Times he is leaning toward Mombasa over Tanzania's Tanga for…

Nigeria Lagos business financial district capital market
AfricaEconomic Growth

Nigeria’s exchange records its first ever commercial paper listing with Dangote Cement’s 119.87 billion naira issuance

Mobile phone technology Africa digital infrastructure
AfricaNigeria

MTN Group agrees to acquire full ownership of IHS Towers in a $2.2 billion deal

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